Yep. Any move that hits multiple targets will get a 25% damage reduction.

Wait, then what does Guts do?

Huh...ok then.

Guts prevents that and gives a x1.5 boost in attack power when inflicted with a status ailment.

Right on the nose.
Guts overrides the attack drop from Burn and provides a boost instead.

Too bad Guts doesn't stop the Speed penalty of Paralysis. :I

Anyways, I'm sitting on like 6 1/2 boxes worth of Sassy Larvitars. any takers?

Well, the point of Guts is to give an attack boost when afflicted with a status. It would be kind of a nil point if one status overrided it. Guts doesn't affect speed, so why should it negate the speed cut?

Besides, Quick Feet does just that :p

Got my hands on a Frillish from GTS. :D

I'm loving Franziska and marshmallow.

If you needed one you could've just asked :lol

I got a Japanese Feebas and a Japanese Alakazam via Wonder Trade yesterday.